Latest Market News
Shares of Victoria’s Secret & Co. VSCO, -0.25% rallied 7.0% in premarket trading Wednesday, after the underwear and apparel seller announced a $250 million accelerated share repurchase (ASR) agreement. Based on Tuesday’s stock closing price of $48.58, the ASR could represent 5.15 million shares, or about 5.8% of the shares outstanding. Separately, the company affirmed […]
Shares of FuelCell Energy Inc. FCEL, -6.83% sank 5.1% toward 13-month low in premarket trading Wednesday, after the fuel cell technology company reported a wider-than-expected fiscal fourth-quarter loss as revenue surprisingly declined. The net loss for the quarter to Oct. 31 was $24.98 million, or 7 cents a share, after a loss of $19.66 million, […]
Shares of NRx Pharmaceuticals Inc. NRXP, -4.66% soared 17.8% in premarket trading Wednesday, after the drug development company said it filed a new Breakthrough Therapy Designation (BTD) with the U.S. Food and Drug Administration for Zyesami in patients at immediate risk of death from COVID-19, despite treatment with Remdesivir. The FDA had previously declined Emergency […]
On 28 December 2021, BaFin imposed an administrative fine amounting to 8.66 million euros on Deutsche Bank AG. The sanction related to a breach of Article 16 (2) (a) of the European Benchmarks Regulation (Regulation (EU) 2016/1011). As a supervised contributor, Deutsche Bank AG at times did not have in place effective preventive systems, controls […]
The global tally for COVID-19 rose to 282.9 million as of Wednesday morning and the death toll climbed to 5.42 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total COVID-19 case count of 53.2 million and death toll of 820,929. In the U.S., the seven-day average of […]
Oramed Pharmaceuticals Inc. ORMP, -11.40% said Wednesday its Oravax Medical subsidiary has signed an agreement with Vietnam-based Tan Thanh Holdings Investment Joint Stock Co. to pre-purchase 10 million doses of Oravax’s oral COVID-19 vaccines in development. The drug maker’s stock slipped 0.1% in premarket trading. The agreement is comprised of undisclosed milestone payments, and the […]